From the August 31 Numismatic News E-Newsletter:
Should buyers focus on high-grade pre-1933 gold U.S. collector coins?
Here are some answers sent from our e-newsletter readers to Editor Dave Harper.
Absolutely yes ... if they have the money! If not, they should focus on state quarters and help these dealers deplete their massive inventories which will eventually be taken to the bank because nobody wants them.
Max Leroy Stucky
Colorado Springs Colo.
Yes, as stated before, affordability is the key. Yes, gold is at a great low price (and silver). Both should be had at this low a base price. If one can afford gold, may they get as much as they can afford. Some silver should be had also, just as a precaution. After all, it would be easier to sell off a few ounces of silver. This way, a larger “investment” can remain intact.
I always enjoy your questions!
This is an interesting area of collecting – I prescribe to the notion that a collector should purchase the best that they can afford, be it large cents or $3 pieces. But when that comes to pre ’33, you better have deep pockets to purchase the best. If as a collector you are into gold, purchasing the highest quality tends to be a good investment, but you should also remember that this may mean having a small, yet high quality, collection.
I think this is a rich man’s collection. I don’t know many people who could buy one, let alone work on a collection.
No. Gold has dropped and money is by far not worth it.
This article was originally printed in Numismatic News Express. >> Subscribe today
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